550 W MARYLAND Avenue, 101, Phoenix, AZ 85013
$9,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$9,600,000
Last Modified:
11/19/2019
Description
Valencia Townhomes' attractive Tuscan design makes it one of the most unique
and desirable communities in Metro Phoenix. The community consists of 36 townhome units in two two-story buildings that are wrapped by detached parking garages. Individual residences have spacious floor plans averaging ±1,386 square feet with contemporary interiors featuring porcelain tile & hardwoodstyle flooring, granite countertops, stainless-steel energy-efficient appliances including built-in microwaves, large dual-pane windows, garden bathtubs, full size washer and dryers with utility sink, private front courtyard with wrought iron gate, custom iron & glass-front entry door and detached garage parking. Community amenities are a resort-style pool with lounge area & outdoor kitchen area and exercise facility.
More Information MLS# 5915096
Contract Info
Current Price: $9,600,000
Sold Price: $9,600,000
Status: Closed
List Date: 2019-04-22
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 550
Compass: W
Street Name: MARYLAND
St Suffix: Avenue
Unit #: 101
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 1327
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 101 VALENCIA CONDOMINIUM AMD MCR 096208
Subdivision: VALENCIA CONDOMINIUM AMD
Assessor's Map #: 30
Assessor's Parcel #: 286
Add'l Parcels: Yes
Assessor Number: 161-30-286
Legal: LOT 101 VALENCIA CONDOMINIUM AMD MCR 096208
Census Tract: 106600
Tax Municipality: Maricopa - COUNTY
Taxes: 60335
Tax Year: 2018
Marketing Name: Valencia Townhomes
General Property Description
Lot Size Dimensions: 106.67' x 615'
Year Built: 2009
Uncvrd Parking Spcs: 2
Total # of Units: 36
# of Buildings: 2
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.531301
Geo Lon: -112.081005
Status Change Info
Status Change Date: 2019-11-19
Off Market Date: 2019-09-23
Under Contract Date: 2019-09-09
Close of Escrow Date: 2019-11-14
Sold Price: $9,600,000
Legal Info
Township: 2N
Range: 3E
Section: 8
Lot Number: 101
Income & Expenses
Owner Association: No
Operating Exp: 60335
Other Income: 21600
Adjusted Gross Inc: 21600
Net Operating Income: 530024
Pmt & Rate Info
Cap Rate: 5.17
Equity: 10250000
2 Bedroom Units
# 2 Bedroom Units: 36
Avg Rent: 1700
Avg SqFt: 1356
# Baths: 2
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 25 - 50 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Pool; Exercise Room; Barbecue
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Individual
Water: Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking: Garage; Carport
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Reports/Disclosures: None
Environmental: None
Listing Office: CBRE, Inc
Last Updated: November - 19 - 2019
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